JPMorgan Chase & Co. Buys Shares of 290,024 Enlight Renewable Energy Ltd (NASDAQ:ENLT)

JPMorgan Chase & Co. purchased a new position in Enlight Renewable Energy Ltd (NASDAQ:ENLT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 290,024 shares of the company’s stock, valued at approximately $4,901,000. JPMorgan Chase & Co. owned 0.25% of Enlight Renewable Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ENLT. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Enlight Renewable Energy by 4.2% during the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 8,771,161 shares of the company’s stock valued at $147,885,000 after purchasing an additional 353,750 shares in the last quarter. Geode Capital Management LLC lifted its stake in Enlight Renewable Energy by 0.9% in the third quarter. Geode Capital Management LLC now owns 103,590 shares of the company’s stock valued at $1,751,000 after buying an additional 907 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Enlight Renewable Energy during the 3rd quarter worth approximately $655,000. Barclays PLC grew its position in shares of Enlight Renewable Energy by 4,278.2% during the 3rd quarter. Barclays PLC now owns 25,525 shares of the company’s stock worth $432,000 after buying an additional 24,942 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Enlight Renewable Energy by 11.3% during the 3rd quarter. Tidal Investments LLC now owns 18,241 shares of the company’s stock worth $308,000 after buying an additional 1,852 shares during the period. 38.89% of the stock is owned by institutional investors.

Enlight Renewable Energy Stock Performance

Shares of Enlight Renewable Energy stock opened at $17.10 on Friday. The business has a 50-day simple moving average of $16.51 and a 200 day simple moving average of $16.14. Enlight Renewable Energy Ltd has a one year low of $14.09 and a one year high of $18.48. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 38.86 and a beta of 1.53.

Enlight Renewable Energy (NASDAQ:ENLT) last released its quarterly earnings data on Wednesday, November 13th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. Enlight Renewable Energy had a return on equity of 3.34% and a net margin of 13.58%. The firm had revenue of $109.50 million during the quarter, compared to the consensus estimate of $83.09 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 87.8% on a year-over-year basis. On average, research analysts anticipate that Enlight Renewable Energy Ltd will post 0.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barclays increased their target price on shares of Enlight Renewable Energy from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th.

Enlight Renewable Energy Company Profile

Enlight Renewable Energy Ltd operates a renewable energy platform in Israel, Central-Eastern Europe, Western Europe, and the United States. The company develops, finances, constructs, owns, and operates utility-scale renewable energy projects. It develops wind energy and solar energy projects, as well as energy storage projects.